Apple posted a third-quarter profit of $7.3 billion (£4.34bn) more than double what it made in the corresponding fiscal quarter last year.
The firm raked in some $28.57 billion in sales revenue in the quarter ending June 25, 2011, blowing away analysts' estimates which were themselves pretty high. The results are pretty staggering by anyone's measure.
Even Steve Jobs was thrilled, according to a statement delivered from his sickbed. “We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” Apple’s CEO said. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall,” the statement added.
The outfit sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Sales of iPads were up to 9.25 million and Macs up to 3.95 million. Only sales of iPads showed negative growth - at 7.54 million units sales of the music player were down 20 per cent on last year's corresponding quarter.
Impressively, Apple reported that gross margin was up over ten per cent over the year to 41.7 per cent compared to 39.1 per cent in the year-ago quarter. International sales accounted for 62 per cent of the quarter’s revenue, the firm said.
The only chink in the armour analysts could point to was that the outfit may be over-reliant on its all-conquering iPhone sales of which outstripped sales of all its other products put together.